In the Markets this Week: ABSA, BAT, EABL and I&M Hit New Highs as Foreign Outflows Continue
Week 46 of 2025 closed lower across all NSE indices despite strong gains in ABSA, BAT, EABL, I&M and Co-op Bank. Uchumi extended its sharp rise to 2019 levels. Foreign investors posted a net outflow of KSh 387.83M, down from last week. Bond turnover rose 36.46% to KSh 55.88B. Equity turnover eased to KSh 3.61B as blue-chips drove liquidity.
Tatu City: How Kenya's $4 Billion SEZ Hub is Redefining Urban Investment and Global Competitiveness
With an investment now hitting approximately $4 billion, Tatu City is confidently considered the home of the largest Foreign Direct Investment (FDI) in Kenya.
Parliament Orders Full Disclosure of Private Power Owners, Lifts Freeze
The measure forms the centerpiece of a parliamentary decision to finally lift a 2-year, 8-month moratorium on new Power Purchase Agreements (PPAs),
Parliament Removes Ownership Caps for Capital Market Intermediaries
Parliament has approved sweeping reforms to the Capital Markets Act, repealing long standing ownership caps for investment banks, brokers, fund managers and derivatives firms.EABL's Medium Term Note Raises KSh 16.76 Bn, Attracting 152% Oversubscription
EABL raised KSh 16.76 billion in its first medium term note tranche after recording 152 percent demand.
Nigerian Billionaire Tony Elumelu Bets US$150mn on Kenya’s Infrastructure and Energy Growth
Tony Elumelu, has signaled a renewed focus on Kenya, committing US$150 million to infrastructure and energy initiatives to reinforce the country’s position as an East African investment hub.BAT and EABL Hit New Highs in Tuesday Trading as Turnover Crosses KSh 1 Billion
Trading was active on Tuesday with turnover crossing KSh 1B by midday, driven by institutional flows. BAT traded at KSh 452, its highest in two years, while EABL reached KSh 250, the strongest level since 2018 and up about 40% this year. Safaricom led activity with KSh 760M in turnover. NASI was down 0.44% at middayTreasury Bondholders to Receive Coupon Payments This Week
Government bondholders are receiving scheduled coupon payments this week. The list includes tax-exempt infrastructure bonds and taxable fixed-rate issues. IFBs are exempt from withholding tax, while fixed-rate bonds are taxed based on tenor: 15% for bonds under 10 years and 10% for those 10 years and above. The cash flows provide income to pension funds, insurers, and retail investors and help support secondary market liquidity. More coupon cycles are scheduled later in November.Equinix to Open US$ 22 Million Data Center in Lagos, Nigeria
Global data center and colocation provider Equinix (Nasdaq: EQIX) has announced that it will open its high performance data center in Lagos, Nigeria
Kenya Courts Emirati Investors in Logistics, Green Energy
Kenya is courting investors from Sharjah, the third largest city in the United Arab Emirates (UAE), to take up opportunities in ports, logistics and green industrial projects.OpenAI Says It Will Not Seek U.S. Government Loan Guarantees for AI Infrastructure Expansion
OpenAI has clarified that it will not seek U.S. government loan guarantees to support a major infrastructure expansion, including data centers and AI chip investments.Faida Keeps Co-op and KCB on Buy, Holds Majority of NSE Large Caps at Neutral
Faida Investment Bank has issued its November market outlook, maintaining a restrained stance on the Nairobi Securities Exchange after a strong rebound this year. The firm notes that valuations across many large-cap counters have moved closer to fair value, and it has therefore kept most stocks at Hold. Only two counters are rated Buy: Co-operative Bank and KCB Group.
